{"id":566976,"date":"2023-12-26T14:30:38","date_gmt":"2023-12-26T14:30:38","guid":{"rendered":"https:\/\/uniquehot.com\/?p=566976"},"modified":"2024-06-11T07:30:13","modified_gmt":"2024-06-11T07:30:13","slug":"worldcoin-bullish-breakout-analyst-predict-80-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/worldcoin-bullish-breakout-analyst-predict-80-rally\/","title":{"rendered":"Worldcoin Shows Bullish Breakout, Analyst Predicts 80% Rally"},"content":{"rendered":"

An analyst has explained that Worldcoin is currently showing a breakout from a pattern that could potentially lead to a rally of 80% for WLD.<\/p>\n

Worldcoin Appears To Be Showing A Bullish Breakout Currently<\/h2>\n

In a new post<\/a> on X, analyst Ali shared a chart for the 4-hour price of Worldcoin, which shows the formation of a bull flag for the cryptocurrency. A “bull flag<\/a>” is a continuation pattern in technical analysis that, as its name suggests, looks like a flag on a pole.<\/p>\n

Bull flags form when a rapid uptrend in the price slows down and reverses in the opposite direction while consolidating inside a specific channel. The preceding uptrend forms the “pole,” while the channel shapes up the “flag.”<\/p>\n

Related Reading: Polkadot Shows Bearish Signal, Analyst Predicts Drawdown To This Target<\/a><\/div>\n

There are also bear flags, which form during periods of downtrend instead. The downward trajectory naturally forms the pole in this case and the flag corresponds to the consolidation towards a slight upside.<\/p>\n

In the context of the current discussion, the normal bull flag isn’t of interest, but rather a variant often called a “pennant<\/a>” is. The usual bull flag forms when the consolidation happens between two parallel levels, while a pennant observes the asset moving between converging lines.<\/p>\n

Here is the chart posted by the analyst that reveals this pattern recently forming in the 4-hour price of Worldcoin:<\/p>\n

\"Worldcoin<\/p>\n

The price appears to have been breaking out of the pattern recently | Source: @ali_charts on X<\/a><\/pre>\n
In this pattern, the top line is created by joining together lower highs, while the bottom line connects lower lows. Typically, the asset is probable to feel resistance at the upper level, while the lower level could act as support.<\/p>\n
A break beyond either of these lines can signal the continuation of the trend. From the chart, it’s visible that the 4-hour Worldcoin price had been consolidating inside the pennant channel just recently, but has now seen a break, as its price is surging above the upper level.<\/p>\n
Such a bullish breakout<\/a> has generally led to strong uptrends in the past, with the length of the resulting uptrend often being comparable to the pole of the pattern.<\/p>\n
Related Reading: Dogecoin In Demand: Data Shows DOGE Adoption Is Accelerating<\/a><\/div>\n
The break has only just started to form, though, so a more sustained uptrend will have to be seen first to see if the pattern has truly taken place. “If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30,” says Ali.<\/p>\n
WLD Price<\/h2>\n
Worldcoin had broken off toward the $4 level earlier in the past day, but the asset has quickly cooled off as it has already receded to the $3.7 mark. The below chart shows how WLD has performed during the last few days.<\/p>\n
Had this pullback not taken place, the bullish breakout may well have been confirmed. The coin would have to show some fresh momentum again now if the pattern has to complete.<\/p>\n
\"Worldcoin<\/p>\n
Looks like the asset's recent upwards push was quite short-lived | Source: WLDUSD on TradingView<\/a><\/pre>\n
Featured image from Shutterstock.com, charts from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
An analyst has explained that Worldcoin is currently showing a breakout from a pattern that could potentially lead to a rally of 80% for WLD. Worldcoin Appears To Be Showing A Bullish Breakout Currently In a new post on X, analyst Ali shared a chart for the 4-hour price of Worldcoin, which shows the formation of a bull flag for the cryptocurrency. A “bull flag” is a continuation pattern in technical analysis that, as its name suggests, looks like a flag on a pole. Bull flags form when a rapid uptrend in the price slows down and reverses in the opposite direction while consolidating inside a specific channel. The preceding uptrend forms the “pole,” while the channel shapes up the “flag.” Related Reading: Polkadot Shows Bearish Signal, Analyst Predicts Drawdown To This Target There are also bear flags, which form during periods of downtrend instead. The downward trajectory naturally forms the pole in this case and the flag corresponds to the consolidation towards a slight upside. In the context of the current discussion, the normal bull flag isn’t of interest, but rather a variant often called a “pennant” is. The usual bull flag forms when the consolidation happens between two parallel levels, while a pennant observes the asset moving between converging lines. Here is the chart posted by the analyst that reveals this pattern recently forming in the 4-hour price of Worldcoin: The price appears to have been breaking out of the pattern recently | Source: @ali_charts on X In this pattern, the top line is created by joining together lower highs, while the bottom line connects lower lows. Typically, the asset is probable to feel resistance at the upper level, while the lower level could act as support. A break beyond either of these lines can signal the continuation of the trend. From the chart, it’s visible that the 4-hour Worldcoin price had been consolidating inside the pennant channel just recently, but has now seen a break, as its price is surging above the upper level. Such a bullish breakout has generally led to strong uptrends in the past, with the length of the resulting uptrend often being comparable to the pole of the pattern. Related Reading: Dogecoin In Demand: Data Shows DOGE Adoption Is Accelerating The break has only just started to form, though, so a more sustained uptrend will have to be seen first to see if the pattern has truly taken place. “If confirmed, this could pave the way for WLD to enter an 80% rally, targeting $6.30,” says Ali. WLD Price Worldcoin had broken off toward the $4 level earlier in the past day, but the asset has quickly cooled off as it has already receded to the $3.7 mark. The below chart shows how WLD has performed during the last few days. Had this pullback not taken place, the bullish breakout may well have been confirmed. The coin would have to show some fresh momentum again now if the pattern has to complete. Looks like the asset’s recent upwards push was quite short-lived | Source: WLDUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":567005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88685,89102,83778,90966,90967,90969,90968],"class_list":["post-566976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-wld","tag-wldusd","tag-worldcoin","tag-worldcoin-bullish","tag-worldcoin-bullish-breakout","tag-worldcoin-price-prediction","tag-worldcoin-rally"],"acf":[],"yoast_head":"\nWorldcoin Shows Bullish Breakout, Analyst Predicts 80% Rally<\/title>\n<meta name=\"description\" content=\"An analyst has explained that Worldcoin is currently showing a breakout from a pattern that could 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Worldcoin Shows Bullish Breakout, Analyst Predicts 80% Rally","url":"http:\/\/uniquehot.com\/news\/worldcoin-bullish-breakout-analyst-predict-80-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/worldcoin-bullish-breakout-analyst-predict-80-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_1425714068.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_1425714068.jpg?fit=4000%2C2671"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["wld","wldusd","worldcoin","worldcoin bullish","worldcoin bullish breakout","worldcoin price prediction","worldcoin rally"],"dateCreated":"2023-12-26T14:30:38Z","datePublished":"2023-12-26T14:30:38Z","dateModified":"2024-06-11T07:30:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Worldcoin Shows Bullish Breakout, Analyst Predicts 80% Rally\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/worldcoin-bullish-breakout-analyst-predict-80-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/worldcoin-bullish-breakout-analyst-predict-80-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_1425714068.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_1425714068.jpg?fit=4000%2C2671\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"wld\",\"wldusd\",\"worldcoin\",\"worldcoin bullish\",\"worldcoin bullish breakout\",\"worldcoin price prediction\",\"worldcoin rally\"],\"dateCreated\":\"2023-12-26T14:30:38Z\",\"datePublished\":\"2023-12-26T14:30:38Z\",\"dateModified\":\"2024-06-11T07:30:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/12\/shutterstock_1425714068.jpg?fit=4000%2C2671","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/566976"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=566976"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/566976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/567005"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=566976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=566976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=566976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}